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The Roundtable: Globalization and the Rust Belt

From disrupted supply chains to job scarcity in old industrial centers, the U.S. is reaping the consequences of decades of globalization.

This edition of the Roundtable Roundup brings together a panel of business, politics and finance experts to discuss current developments in global geopolitics, including China, the U.S. military and global trade. In this segment, they discuss globalization, American jobs, and supply chain security.

Marc LoPresti argues that it's time to reconsider the globalization strategies that have left so many Americans jobless.

"You have to think about what government policies led to the creation of these conditions," he says. "Wide swaths of the American population are either underemployed or unemployed."

Current initiatives to bring industry home, he notes, will take time. 

"You have Dell talking about building the Gigafactory in Ohio, which is being billed is being the single largest job creation event in the past 10 years with 56,000 jobs," he explains. "But that thing's not coming online for four and a half years."

General Anthony Tata notes that the outsourcing of manufacturing has put supply chains at risk of disruption from geopolitical turmoil. The case of Taiwan, which produces most of the world's semiconductors, is particularly concerning.

"If that gets disrupted, the world has problems," he says. 

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"It's much bigger than Samsung or any of the others. It's almost a single point of failure."

Watch the full discussion below:

Roundtable Guests:

Matt Savoy, Founder, Free Thought Project

Patrick Robinson, Founder, Pashko

Marc LoPresti, Managing Director, Moneta Advisory Partners

General Anthony Tata, Retired Brigadier General, Founder, Tata Leadership Group